Civic Intelligence

Yongey Foundation Co Glenna Olmsted

990EZ • Fiscal year 2016 • EIN 37-1464193

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 12, 2017

PO Box 770630Steamboat Springs, CO 80477

(970) 846-3375

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

12th percentile

-30%

Higher net margin than 12% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

28th percentile

-10%

Faster asset growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

14th percentile

-37%

Faster revenue growth than 14% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$286,267

Down $33,440 (-10%) from 2015

Net Assets

Down

$286,267

Down $33,440 (-10%) from 2015

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$113,235

Down $67,187 (-37%) from 2015

Expenses

Up

$146,675

Up $24,093 (+20%) from 2015

Net Income

Down

-$33,440

Down $91,280 (-158%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $197,035Net Assets 2011: $197,0352011Assets 2013: $246,167Net Assets 2013: $246,1672013Assets 2015: $319,707Net Assets 2015: $319,7072015Assets 2016: $286,267Net Assets 2016: $286,2672016Assets 2017: $204,321Liabilities 2017: $0Net Assets 2017: $204,3212017Assets 2018: $914,444Liabilities 2018: $0Net Assets 2018: $914,4442018Assets 2019: $565,101Liabilities 2019: $131,621Net Assets 2019: $433,4802019Assets 2020: $1,112,242Liabilities 2020: $77,807Net Assets 2020: $1,034,4352020Assets 2021: $1,558,293Liabilities 2021: $0Net Assets 2021: $1,558,2932021Assets 2022: $1,579,027Liabilities 2022: $0Net Assets 2022: $1,579,0272022Assets 2023: $1,684,327Liabilities 2023: $211,619Net Assets 2023: $1,472,7082023Assets 2024: $1,558,674Liabilities 2024: $614,503Net Assets 2024: $944,1712024

Highlighted filing

2016

Assets$286,267
Liabilities-
Net Assets$286,267

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $46,600Expenses 2011: $67,329Net Income 2011: -$20,7292011Revenue 2013: $67,803Expenses 2013: $28,233Net Income 2013: $39,5702013Revenue 2015: $180,422Expenses 2015: $122,582Net Income 2015: $57,8402015Revenue 2016: $113,235Expenses 2016: $146,675Net Income 2016: -$33,4402016Revenue 2017: $678,438Expenses 2017: $760,384Net Income 2017: -$81,9462017Revenue 2018: $985,107Expenses 2018: $274,984Net Income 2018: $710,1232018Revenue 2019: $555,991Expenses 2019: $1,036,955Net Income 2019: -$480,9642019Revenue 2020: $631,819Expenses 2020: $30,864Net Income 2020: $600,9552020Revenue 2021: $591,827Expenses 2021: $67,969Net Income 2021: $523,8582021Revenue 2022: $428,135Expenses 2022: $407,401Net Income 2022: $20,7342022Revenue 2023: $437,217Expenses 2023: $498,295Net Income 2023: -$61,0782023Revenue 2024: $303,794Expenses 2024: $502,383Net Income 2024: -$198,5892024

Highlighted filing

2016

Revenue$113,235
Expenses$146,675
Net Income-$33,440
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 12, 2017
Return Version
2016v3.0
Gross Receipts
$173,166
Mission and Program Overview

Mission

Promoting, aiding and developing the activities of Buddhist religious, educational, and cultural institutions, including meditation centers,centers for religious study, and monasteries and abbeys in North America, Asia and throughout the world.

Promoting, aiding and developing the activities of Buddhist religious, educational, and cultural institutions, including meditation centers, centers for religious study, and monasteries and abbeys in North America, Asia and throughout the world.To provide financial and other support for worthy institutions and projects in the United States, India, Nepal, Tibet, and the Himalayan area and for the construction of a Kagyu Monastery in Bodhgaya, India; construction and support of the Chobar Retreat Center in Kathmandu, Nepal; construction and support of the Nyshand Kurti Retreat Center in Nepal (the "Projects").To promote, aid, and advance the teachings of Tibetan Buddhism with a series of public teaching seminars and retreats in the United States, Canada, and Europe. Theteaching programs will be presented by Mingyur Rinpoche and other authorized teachers. The teachings presented will be transcribed and edited for publication as books and articles and distributed in those forms.Translation

Program Services

DescriptionGrantsExpenses
During the year the foundation sent funds for thebuilding of a monastery for monks and nuns and conducted Buddhist retreats in various locations. Also program expensesinclude the translation of Tibetan Texts into English as well as abook by Rinpoche. And includes commission expense to the agent forthe book advance received by the foundation as part of their program.$4,384-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tim OlmstedPresidentFT$0--
Glenna OlmstedTreasurerPT$0--
Josh BaranVice President-$0--
Alex HalpernSecretary-$0--
Ven Mingyu RinpocheDirector-$0--
Filing and Contact Details

Filer

Filer Name
Yongey Foundation
EIN
37-1464193
Phone
9708463375
Address
PO Box 770630, Steamboat Springs, CO 80477

Signing Officer

Name
Glenna Olmsted
Title
Secretary
Signed
2017-11-12
Discuss with paid preparer
Yes

Preparer

Firm
Three Jewels Acct & Tax Service
Address
1800 30TH ST STE 202, BOULDER, CO 80301-1026
Preparer
Angele Luedtke
Phone
3034433568
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.2

| Donee's Name: Sherpa Yadie | Cash Amount Given: $14500

Grants and Similar Amounts Paid In Excess of $5,000.4

| Donee's Name: Bodhgaya | Donee's Address: Bajinath District Kangra Himachai Pradesh India 176125 India | Cash Amount Given: $120000

Other Expenses.1002

Office Expenses $1745

Other Expenses.1012

Insurance $900

Other Expenses.1

Foreign Taxes Paid $55

Other Expenses.2

Postage $50

Other Expenses.3

Bank Charges $40

Raw XML Appendix140 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Ven Mingyu Rinpoche
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice President
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IRS990EZ/OtherExpensesTotalAmt02790
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PrimaryExemptPurposeTxt0Promoting, aiding and developing the activities of Buddhist religious, educational, and cultural institutions, including meditation centers, centers for religious study, and monasteries and abbeys in North America, Asia and throughout the world.To provide financial and other support for worthy institutions and projects in the United States, India, Nepal, Tibet, and the Himalayan area and for the construction of a Kagyu Monastery in Bodhgaya, India; construction and support of the Chobar Retreat Center in Kathmandu, Nepal; construction and support of the Nyshand Kurti Retreat Center in Nepal (the "Projects").To promote, aid, and advance the teachings of Tibetan Buddhism with a series of public teaching seminars and retreats in the United States, Canada, and Europe. Theteaching programs will be presented by Mingyur Rinpoche and other authorized teachers. The teachings presented will be transcribed and edited for publication as books and articles and distributed in those forms.Translation
IRS990EZ/ProgramServiceRevenueAmt082154
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt04384
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IRS990ScheduleA/TotalSupportAmt018151
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Sherpa Yadie | Cash Amount Given: $14500
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $900
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Foreign Taxes Paid $55
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Postage $50
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Bank Charges $40
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.3
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/Filer/EIN0371464193
ReturnHeader/Filer/PhoneNum09708463375
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080477
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0803011026
ReturnHeader/PreparerPersonGrp/PhoneNum03034433568
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Angele Luedtke
ReturnHeader/ReturnTs02017-11-12T13:09:23-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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Filings